What was the immediate impact of the sherman antitrust act

Posted By Admin @ September 03, 2022

Question:

Which of these BEST describes the impact the Sherman Antitrust Act (1890) had on business at the end of the 19th century?

A) It had little immediate effect because of the vague wording of key points of the law.
B) It prevented new businesses from forming because complying with the law proved too expensive.
C) It resulted in the breakup of the country's largest monopolies by the start of the 20th century.
D) It hurt small businesses most due to the increased costs of following its regulatory restrictions.

Answer:

The effect that the Sherman Antitrust Act had at the end of the 19th century was A) It had little immediate effect because of the vague wording of key points of the law.

What did the Sherman Antitrust Act do?

It made it illegal to operate monopolies which was in line with the U.S. economic policy of a free market.

The wording of the Act was quite vague however which allowed many monopolies to still continue existing. The Act therefore had little effect at first.

In conclusion, option A is correct.

Find out more on the Sherman Antitrust Act at brainly.com/question/17375379.

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